Review: Norges Bank met expectations and did not lower its interest rate any further. Nevertheless Norway offered the biggest surprise of the day as the oil/pension fund announced that it will not buy currencies (sell NOK) in November (normally December is the only month when it does not buy currencies due to illiquidity). This development supported NOK. EURNOK fell by 0.65-80%. The German finance minister stated that the Troika is still a far cry from completing its assessment of Greece.
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Norway offered the biggest surprise of the day